Forent Energy Today TSV:FEN Production Q1 2015 Reserves P+P Dec 31, 2014 Natural Gas 542 Mcf/d Natural Gas 2,354 MMcf Oil and Liquids 129 bbl/d . Oil and Liquids 1,223 Mbbl . Total (6:1) 219 boe/d Total (6:1) 1,616 Mboe BTax NPV10…
Forent Methodology TSV:FEN EVALUATE ACQUIRE INVEST Evaluated Assets in Central Acquired Three Producing Initiate Infill Drilling Alberta Properties Program Oil weighted production Integrated Twining, Wayne and Licensed four infill…
Forent Methodology TSV:FEN 5 www.ForentEnergy.com June 4, 2015
Forent 2014 Results TSV:FEN Operations 2013 2014 Change Annual Production (BOE/d) 96 210 119% Annual Funds flow (loss) (1,088,211) 131,725 From operations Annual Net debt (surplus) 1,909,172 5,845,148 206% Reserves Year End…
Forent 2014 Results TSV:FEN Equity June 2014 June 2015 Change Shares outstanding (basic) 188.6 MM 188.6 MM 0% Share Price 0.085 0.025 Market capitalization 16.0 MM 4.7 MM -70% Net Asset Value 2P less Debt, NAV per share 0.11 0.09…
Forent Netbacks TSV:FEN Crude Pricing in CAD 140 120 100 CDN / bbl 80 60 40 20 0 Op Costs Royalty Netback WTI CDN/bbl WCS 9 www.ForentEnergy.com June 4, 2015
Forent Areas of Operations TSV:FEN Red Deer March 31, 2015 Field Production Twining Provost 1. Twining: 79 boe/d Pekisko 2. Wayne: 31 boe/d Ellerslie 3. Provost: 38 boe/d Dina Drumheller 4. Montgomery Calgary Heathdale…
Twining Property TSV:FEN 10 producing wells 31 API oil from Pekisko Net Production: 65 bbl/d oil 81 mcf/d gas Oil treating facilities with gas conservation Forent has 3D seismic over these lands Recent drilled HZ wells…
Wayne Property TSV:FEN 4 producing wells 31 API oil from Ellerslie Net Production: 26 bbl/d oil & 31 mcf/d gas Single well batteries gas conserved on 3 of 4 wells Working Interest 50 % / 100 % Forent has 3D seismic over the…
Provost Property TSV:FEN 7 producing Dina wells 17 API oil Net Production: 36 bbl/d oil & 13 mcf/d gas Oil treating facilities no gas conservation Water disposal well tied to battery 100% High volume artificial lift with high…
Montgomery : High Impact Exploration TSV:FEN 23.5 gross sections Forent lands Farmed-out lands 15.5 sections held 100% (Forent WI 30-100%) all PNG Forent Proprietary 3D Seismic 4 sections held 30% to Base of Reirdon Deep…
Montgomery : Additional Locations TSV:FEN Potential Hz whipstock from 14-12 12 Additional vertical locations targeting separate naturally fractured 2WS trends Additional multi-zone potential (Belly River, Cardium, Barons,…
Heathdale Property TSV:FEN Shallow, multi-zone potential 07-32-28-07W4 Under explored Bypassed Detrital pay Few Mannville penetrations No 3D seismic 11-32-27-08W4 Complements our Vertical Detrital analog production…
TSV:FEN Corporate Strengths Base reserves are long life, low decline Reserves Year End 2013 Year End 2014 Change Proven + Probable MBOE 1,600 1,616 1% Proven + Probable BTax NPV10 21.4 MM 22.8 MM 7% Existing Portfolio: Low risk,…
TSV:FEN Immediate Go Forward Plan What have we done: In discussions and under Confidentiality Agreements with a number of merger candidates Reduced costs wherever possible. Sr. Management voluntarily reduced individual compensation…
TSV:FEN Phase 1- Strengthen our Balance Sheet Forent Energy to Acquire Private Resource Company and Plans Equity Offering of Up to 1 Million Forent Energy Ltd. (TSX VENTURE: FEN) (Forent or the Company) is pleased to announce that the…
TSV:FEN Phase 1- Strengthen our Balance Sheet Forent Energy to Acquire Private Resource Company and Plans Equity Offering of Up to 1 Million The following was related at the meeting: Yesterday at market close we announced a letter of…
Phase 2 Increase Production TSV:FEN In the midst of chaos, there is also opportunity Sun Tzu - The Art of War The current chaotic market has given us an opportunity that we have not had in quite some time, we need to seize the…
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